What recession?
Nobody wants to be on a ship with a fair weather captain because storms do come. There is no doubt the waters are really choppy in Canada and the weatherman has been calling the storm of the century for the last couple of years. Leaky overloaded boats will capsize. The captain of the SS Aritzia has done a great job and sees the light ahead. Canada net revenue was $327M this quarter vs $311M last year. Management is guiding Q4 growth between 5 and 7%.
Inventory also decreased.
Lots and lots of $$$$ being spent on CapEx eg $100M on boutiques.
Profitable.
2023 NCIB expires on January 19, 2024. The Company repurchased a total of 1,089,641 Shares for cancellation at an average price of $27.52
Reitmans likely soft Q4 is more on management than macro. Reitmans is more value and skews older that Aritzia.
Where is Reitmans NCIB? Sleepy board of directos